How Does an Endogenous Growth Model Differ from an Exogenous

question 79

Multiple Choice

How does an endogenous growth model differ from an exogenous model of economic growth?

• A) An exogenous model suggests that governments have a role in developing the economy while an endogenous model ignores the role of the government.
• B) An exogenous growth model assumes that technological development takes place outside
• C) An endogenous model suggests that rich and poor economies will converge over time while an exogenous model suggests that convergence will not occur.
• D) An exogenous model suggests that high capital per worker ratios are preferable while an

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Definitions:

Cannon-Bard Theory

A theory of emotion that suggests emotions and physiological responses occur simultaneously, not sequentially.

James-Lange Theory

A theory suggesting that emotions occur as a result of physiological reactions to events.

Two-factor Theory

A psychological theory that posits that emotions are based on two factors: physiological arousal and cognitive labeling of that arousal.

Schachter-Singer Theory

A theory of emotion that states emotions are determined by physiological arousal and its interpretation, based on environmental cues.